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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 23, 2023

Tuesday, May 23, 2023 | 08:30am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.25 percent as published by the Federal Reserve on May 22, 2023.

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 11, 2023

Tuesday, April 11, 2023 | 08:41am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.00 percent as published by the Federal Reserve on April 10, 2023.

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